General Chart of Accounts

A comprehensive accounting structure tailored for general businesses

Why Use This Template?

A well-structured Chart of Accounts is essential for accurate financial tracking and reporting in the general sector. This template includes industry-specific accounts and categories designed to match your business operations.

How to Use This Template

Review the account structure below
Download in your preferred format (CSV or PDF)
Customize account codes and names as needed
Import into your accounting software

Chart of Accounts

Account Code	Account Name	Category	Type	Description
1101	Cash	Asset	Current Asset	Physical cash and bank accounts
1102	Accounts Receivable	Asset	Current Asset	Money owed by customers for products or services
1103	Inventory	Asset	Current Asset	Products or goods held for sale
1104	Prepaid Expenses	Asset	Current Asset	Expenses paid in advance, such as rent or insurance
1201	Office Equipment	Asset	Fixed Asset	Furniture, computers, and other office equipment
1202	Vehicles	Asset	Fixed Asset	Vehicles owned by the business
1203	Property and Buildings	Asset	Fixed Asset	Buildings or facilities owned by the business
1401	Prepaid Rent	Asset	Prepayment	Rental payments made in advance
1402	Prepaid Insurance	Asset	Prepayment	Insurance premiums paid in advance
2101	Accounts Payable	Liability	Current Liability	Money owed to suppliers and vendors
2102	Taxes Payable	Liability	Current Liability	Taxes owed to government authorities
2103	Wages Payable	Liability	Current Liability	Unpaid salaries and wages owed to employees
2201	Long-Term Loan Payable	Liability	Non-Current Liability	Long-term loans owed by the business
3101	Owner's Equity	Equity	Equity	Owner's initial and additional investments
3102	Retained Earnings	Equity	Equity	Cumulative profits retained for business reinvestment
4101	Depreciation Expense	Expense	Depreciation	Depreciation of equipment, vehicles, and buildings
4201	Cost of Goods Sold	Expense	Direct Costs	Costs directly related to producing or acquiring goods
4202	Direct Labor Costs	Expense	Direct Costs	Wages paid to staff directly involved in production or services
4301	Office Rent	Expense	Overhead	Cost of leasing office space
4302	Utilities	Expense	Overhead	Electricity, water, internet, and other utility bills
4303	Administrative Salaries	Expense	Overhead	Salaries of administrative and management staff
4304	Repairs and Maintenance	Expense	Overhead	Maintenance and repairs for equipment and facilities
4305	Marketing and Advertising	Expense	Overhead	Costs for promoting products or services
4306	Insurance Expense	Expense	Overhead	Insurance costs for business operations
5101	Sales Revenue	Revenue	Revenue	Revenue from selling products or services
5102	Service Revenue	Revenue	Revenue	Revenue from providing professional services
5103	Other Income	Revenue	Revenue	Income from non-core business activities